|
 Recently,
Boston Pacific was retained as a market monitor in several high
profile engagements. Our knowledge of all aspects of the
electricity industry allows us to meet the full spectrum of needs for
our clients. Notably, our expertise includes market design, market
power measurement and mitigation, auction theory, finance and risk
management, regulatory policies and computer modeling. Our work
includes the following:
We summarized some of the central lessons we have learned
about RFPs in a widely distributed publication entitled
Getting the Best Deal for
Electric Utility Customers: A Concise Guidebook for the Design,
Implementation, and Monitoring of Competitive Power Supply Solicitations.
Prior to this monitoring work, there are many other examples of our work related to competitive
solicitations. For example,
-
In Arizona, we actively participated in an intensive collaborative
process on the procedure, products, and evaluation methods for a
competitive solicitation.
-
In Ohio, we recommended that consumers would be better served if a
competitive solicitation was conducted when a rate freeze expired.
The Ohio Commission ordered a solicitation and it was conducted late
last year.
-
In Indiana and Wisconsin, we were asked to review and analyze the
utility's procurement decisions and methods. In both cases, we
made extensive detailed findings on the evaluation of individual bids
and on broader issues such as "imputed debt" concerns.
-
At the Federal Energy Regulatory Commission (FERC), Boston Pacific served as expert witnesses in two major
affiliate cases - the first involved an RFP for long-term power supplies
by Ameren and the second an RFP for long-term supplies issued by
Entergy.
-
Boston Pacific has served as a panelist in five
Technical Conferences held by the FERC on competitive solicitations and market power. In one
conference we recommended, among other things, that the FERC state a
preference for competitive solicitations under its Edgar standard
for affiliate transactions and that it require the use of a monitor or
independent evaluator. FERC proceeded to issue an Order with these
and other provisions.
|
